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California Resources Corp. forms JV to raise output of legacy Elk Hills field

5 hours ago DieselGasoil Comments Off on California Resources Corp. forms JV to raise output of legacy Elk Hills field
Houston — Producer California Resources Corp. formed a strategic joint venture with an energy investor to fund at least $320 million of development of its legacy Elk Hills field. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The venture with the energy funding arm of global investment managers Colony Read More

Big Tech faces broad U.S. Justice Department antitrust probe

5 hours ago DieselGasoil Comments Off on Big Tech faces broad U.S. Justice Department antitrust probe
WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in Read More

Superior Energy Services Announces Second Quarter 2019 Results

7 hours ago DieselGasoil Comments Off on Superior Energy Services Announces Second Quarter 2019 Results
HOUSTON, July 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the second quarter of 2019 of $71.1 million, or $0.46 per share, on revenue of $436.3 million. This compares to a net loss from continuing operations of $47.7 million, or $0.31 per share, Read More

Franklin Electric Reports Record Second Quarter 2019 Sales and Earnings

16 hours ago DieselGasoil Comments Off on Franklin Electric Reports Record Second Quarter 2019 Sales and Earnings
FORT WAYNE, Ind., July 23, 2019 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) reported record second quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.70, versus a GAAP fully diluted EPS in the second quarter 2018 of $0.64. Second quarter 2019 sales were a record $355.3 million, compared to 2018 second Read More

Diversity helps UBS defy banking gloom with profit rise

20 hours ago DieselGasoil Comments Off on Diversity helps UBS defy banking gloom with profit rise
ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo Switzerland’s biggest bank Read More

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’

22 hours ago DieselGasoil Comments Off on Power traders tackle renewables puzzle in Danish ‘Silicon Valley’
AARHUS, Denmark (Reuters) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks. FILE PHOTO: View of Aboulevarden in the centre of the city of Read More

U.S. farmers look past trade fears to cash in on China’s hog crisis

1 day ago DieselGasoil Comments Off on U.S. farmers look past trade fears to cash in on China’s hog crisis
WALCOTT, Iowa/LONDON (Reuters) – It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs. FILE PHOTO: A chef cuts U.S. imported pork ribs that were smoked at the Read More

PrairieSky Announces 2019 Second Quarter Results

1 day ago DieselGasoil Comments Off on PrairieSky Announces 2019 Second Quarter Results
CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2019“) operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and Read More

Blue Mountain Midstream Announces Open Season for Crude Oil & Water Gathering Systems

2 days ago DieselGasoil Comments Off on Blue Mountain Midstream Announces Open Season for Crude Oil & Water Gathering Systems
HOUSTON, July 22, 2019 (GLOBE NEWSWIRE) — Blue Mountain Midstream LLC (“Blue Mountain”), a wholly owned subsidiary of Riviera Resources, Inc. (OTCQX: RVRA), announced today its subsidiaries Wildcat Oil Gathering LLC (“Wildcat Oil Gathering”) and Wildcat Water Gathering LLC (“Wildcat Water Gathering”) have launched an Open Season for new systems and services in central Oklahoma. Read More

China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea

2 days ago DieselGasoil Comments Off on China slaps anti-dumping duty on stainless steel from EU, Indonesia, Japan, and S Korea
China’s Ministry of Commerce (MOC) on Monday announced anti-dumping measures on imported stainless steel products from the European Union and three Asian nations. Dumping is an international-trade term that describes a country or company exporting a product at a price that is lower in the foreign import market than the price in the exporter’s domestic Read More